Snail, Inc. (NASDAQ:SNAL) Short Interest Down 41.4% in February

Snail, Inc. (NASDAQ:SNAL) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 27,900 shares, a decline of 41.4% from the February 13th total of 47,600 shares. Based on an average trading volume of 115,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.4% of the shares of the stock are short sold.

Snail Stock Down 0.7 %

SNAL stock traded down $0.01 during midday trading on Friday, reaching $1.44. 23,788 shares of the company’s stock traded hands, compared to its average volume of 107,214. The company has a 50-day simple moving average of $2.10 and a two-hundred day simple moving average of $1.58. Snail has a 1-year low of $0.52 and a 1-year high of $3.42. The company has a market cap of $53.21 million, a price-to-earnings ratio of 16.00 and a beta of -0.54.

Institutional Trading of Snail

An institutional investor recently bought a new position in Snail stock. Geode Capital Management LLC purchased a new position in shares of Snail, Inc. (NASDAQ:SNAL) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 18,944 shares of the company’s stock, valued at approximately $35,000. Geode Capital Management LLC owned approximately 0.05% of Snail as of its most recent SEC filing. Institutional investors and hedge funds own 0.36% of the company’s stock.

Snail Company Profile

Snail, Inc, together with its subsidiaries, researches, develops, markets, publishes, and distributes interactive digital entertainment for consumers worldwide. It offers games, content, and support for various platforms, including game consoles, personal computers, mobile phones, and tablets. Snail, Inc was founded in 2009 and is headquartered in Culver City, California.